, June 22 -- Commerce Minister Khandakar Abdul Muktadir on Monday said the government is working to simplify the licensing process and reduce bureaucratic hurdles to enable entrepreneurs to start a business within just 14 days.

"Where it once took around a year to start a business, our target is now to create opportunities for businesses to begin operations within 14 days. Under ideal situations, a company will be able to open a letter of credit (LC) to import equipment on the 15th day," he said.

The minister made the remarks while addressing a debriefing session titled "Harmonising the Investment, Trade and Decent Work Agenda for a Sustainable and Inclusive Supply Chain" at Hotel InterContinental Dhaka.

The event was jointly organised...